Malone Lam's alleged US$230m crypto scam | CNA Explains

00:00 Introduction
01:11 The scam
04:14 The spending spree
05:05 The arrest
05:42 What's next?

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[jamie]

Love the reporting style. No fluff and straight to the point 👍🏻

[kyleanuar]

Real wealth is quiet, fake wealth is loud.

[tyrektnosaur]

imagine stealing 230 million and thinking the other guy wouldn't do anything about it

[benjaminkolls]

Steals $230 and stays in the US... Could have bought citizenship in any non extraditing country and lived lavishly for life. But I guess 1 month lavish is better then no month.

[chita-eyy]

Doesn't sound like a "crypto" scam to me (e.g. rug pulls).
Sounds more like a tech support scam.

[FullTimeKiller]

A lot of comments kept saying “he should have stayed low” “reinvest the money to grow more money” and etc… without realizing the fact that scamming/stealing is never a rational/right thing to begin with, and how can we expect someone who started the game in a fraudulent manner, suddenly goes back to rational and normal?
Believe it or not, if he get away this round or after he finished his jail term, he will definitely pull off another round of scamming/stealing.

[firstPersonview]

USA has Post Malone
SG have Lam Malone

[tuapuikia]

I studied criminal psychology part-time. One thing I learned is that most criminals can't lay low after they commit serious fraud and get millions of dollars from it. It's very easy to catch an investigator's eye when they spot such high-profile activity on social media.

[eggplantandpeach]

Went through all that sophistication but once it was payday acted unsophisticated 🙄

[HenryLopez-trbb]

The real crime is that salad bowl haircut he thought was going to get him any woman's attention 😂😂😂😂

[anglo-saxonconnor]

He should have left america after pulling it off. And not return to Singapore either. With that anount of money it can be use to grow more money and live in a banana republic. He left too much footprint in america and made it easy to find him once the time and luck is up.

[alanblock]

It's a shame that such smart young people are involved in illegal activity and don't use their skills legally. What a waste of their life

[NancyCampbell-jziy]

The way you broke down the complex topic into simple, actionable steps is remarkable. It felt like you anticipated every question I had. Keep up the great work

[augustdelacreme]

230 million and that dumb. I’m glad I don’t have any money to fall for such a scam. If a scammer emails or texts me I automatically block them.

[liarliar]

He has so many luxurious cars at 20 years old. That attracts attention. He gives himself away.

[blinkyblonk]

Pulled off a mega scam . Moved to a quiet town in Malaysia and then cleverly lived a quiet, ordinary life with a part-time supermarket job and a 10 year old Toyota Car . For 4 years . Not .

[Darren]

"caught up in a complicated case" His lawyer makes him sound like a victim

[Robutube]

I really liked the reporting style and presentation here. Great job!

[ixnnie]

Bro had one month to pack bags and flee to somewhere without extradition. Chose to party instead. Wow.

[GoHerping]

im just impressed at how quickly he was able to spend so much. buying 31 cars, many custom, that fast is crazy